Don't miss this extremely rare opportunity to purchase a dual-key residence in the highly sought-after area of Holland Park. Offered to the market for the first time in 21 years, the options here are truly limitless.
Renovate - the existing properties are in a tidy but original condition. You can easily add value by updating the interiors & kitchen/bathrooms.
Extend - given the impressive 749sqm of land the property occupies, there is the potential to further extend the properties or lift & build-in-underneath.
Enjoy - you can continue renting the properties out with a combined rental income of approx $925 per week. Live in 1 half and rent out the other half or just enjoy the properties as they are.
Knockdown - take advantage of the large block and start again to create something special.
Located just 6km to the CBD, neighbouring Coorparoo, this post-war home sits on a 749sqm block with over 23 metre frontages. It is becoming increasingly difficult to find 749sqm blocks that have all of these options available to the purchaser.
The home itself is currently divided into two separate living spaces:
The front of the homes consists of 3-bedrooms, sunroom, living/dining, kitchen, and bathroom. The tenant was paying $575 per week, vacated in April this year. The rear of the house is a 1 bedroom, living, kitchen and bathroom. The rear space is currently tenanted with a long-term tenant paying $350 per week. The properties can be tenanted separately with individual electricity meter boxes.
All of this sits on a 749sqm south facing block (North to the rear) offering a superb investment opportunity whether you are looking to landbank, invest or potentially build. Perfectly located just minutes from everything, this property takes full advantage of all local amenities, being in close proximity to public transport and located just walking distance to the highly sought after Cavendish Rd High School catchment.
Buyers with a keen eye for potential will delight in the opportunity this perfectly located home offers.
IF YOU HAVE A VISION TO CREATE SOMETHING TRULY SPECIAL, THIS PROPERTY IS THE ONE FOR YOU!
